Overseas firms gain from revisions
Source: Xinhua |
November 6, 2012, Tuesday
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Print Edition
Print Edition
THE State Council, China's Cabinet, yesterday unveiled revisions to the Administrative Regulations on Futures Trading, which included clauses to allow overseas institutions to enter the market.
"Qualified overseas institutions can conduct futures trading of certain products in futures exchanges," the revised rules read, adding that concrete measures will be made by futures management authorities under the State Council.
In statement the State Council said this clause left room for overseas investors to directly participate in futures trading of crude oil, which the government is currently planning to roll out.
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